Overview
Transportation Equipment

LECIP HOLDINGS CORPORATION

LECIP Holdings Corporation manufactures, sells, and maintains transportation equipment and industrial equipment through its group companies. Its core transportation segment offers bus fare collection systems (fare boxes, IC card systems), LED destination displays, onboard computers (OBC-VISION), route bus operation support units (LIVU), and railway one-man operation equipment, serving public transit operators in Japan and internationally. The industrial equipment segment provides battery forklift chargers, uninterruptible power supply (UPS) units, and electronics manufacturing services (EMS) including PCB assembly.

Market Cap
¥9.54B
US$60.9M
EV
¥5.72B
US$36.5M
Stock¥626▼-1.42%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.0
x
LTM EV/EBIT
2.6
x
LTM PER
4.4
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+20.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.54BUS$60.9MMarket Cap1.21BUS$7.70M+ Debt4.04BUS$25.7M− Cash0.99BUS$6.33M− Inv. Sec.5.72BUS$36.5MEV
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Performance & Balance
Revenue 5Y (¥B)
14.1US$89.8M'22/314.3US$90.9M'23/322.7US$145M'24/325.9US$165M'25/323.9US$152M'26/3
EBITDA 5Y (¥B)
0.63US$3.99M'22/30.17US$1.07M'23/33.63US$23.1M'24/34.18US$26.6M'25/31.94US$12.4M'26/3
Net Income 5Y (¥B)
0.05US$0.34M'22/3-0.25-US$1.59M'23/32.42US$15.4M'24/32.26US$14.4M'25/31.18US$7.51M'26/3
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.65US$29.7M4.48US$28.6M'22/33.85US$24.5M5.44US$34.7M'23/33.73US$23.8M3.07US$19.6M'24/32.82US$18.0M1.75US$11.1M'25/35.31US$33.9M1.35US$8.64M'26/3
Shareholders
Top 10 hold 27.4%
1
Nagoya Small and Medium Business Investment & Consultation Co., Ltd.
5.93%
2
LECIP HOLDINGS CORPORATION Employee Stock Ownership Association
5.64%
3
The Juroku Bank, Ltd.
3.55%
4
Makoto SUGIMOTO
2.87%
5
LECIP HOLDINGS CORPORATION Business Partners' Stock Ownership Association
2.56%
6
Japan Master Trust Bank, Ltd. (Officer Compensation BIP Trust Account)
1.90%
7
Nippon Life Insurance Company
1.64%
8
MUFG Bank, Ltd.
1.55%
9
The Ogaki Kyoritsu Bank,Ltd.
0.88%
10
Kyoei Life Partners Co., Ltd.
0.88%
Management
8 officers
Makoto SUGIMOTO
Representative Director, President
Apr 1975 Joined Marubeni Corporation Nov 1989 Joined the Company Jun 1990 Director of the Company Apr 1991 Vice President of the Company Jun 1992 Director, Minato Seisakusho Co., Ltd. Apr 1993 Representative Director, President of the Company Jun 1993 Director, Sanyo Denshi Co., Ltd. (now Recip Denshi Co., Ltd.) (current) Jun 2002 Director, LECIP U.S.A., INC. Mar 2005 Director, Recip Sangyo Co., Ltd. Jun 2008 Representative Director, President and Executive Officer of the Company Mar 2010 Director, LECIP INC. (current) Oct 2010 Representative Director, President of the Company (current); Representative Director, President and Executive Officer, Recip Co., Ltd.; Director, Recip International Co., Ltd.; Director, Gifu DS Kanri Co., Ltd. (now Recip Digital Signage Co., Ltd.) (current) Apr 2011 Director, Recip SLP Co., Ltd.; Director, Recip Engineering Co., Ltd. (current) Jun 2013 Representative Director, President, Recip Co., Ltd. Aug 2014 Director, LECIP S.A. de C.V. Dec 2014 Director, LECIP (SINGAPORE) PTE LTD (current) Jun 2018 Director, LECIP THAI CO., LTD. Apr 2025 Representative Director, Chairman, Recip Co., Ltd. (current)
1952-09-14
Hiroko MITSUI
Senior Managing Director
Jun 2017 General Manager, Management Division Office, the Company Apr 2018 Deputy General Manager, Management Division, the Company; General Manager, Sales Division Office, Recip Co., Ltd. Jun 2018 Executive Officer (in charge of Corporate Planning), the Company Jun 2021 Director of the Company Apr 2022 Deputy General Manager, Management Division, the Company; General Manager, Community Business Development Division and General Manager, Sales Division Office, Recip Co., Ltd. Jun 2022 Director, Recip Co., Ltd.; Director, Recip Denshi Co., Ltd. and Director, Recip Engineering Co., Ltd. (current) Apr 2023 Deputy General Manager, Management Division, the Company; General Manager, Sales Division Office, Recip Co., Ltd.; Head, Business Development Center, Recip Co., Ltd. (current) Jun 2023 Managing Director of the Company; Managing Director, Recip Co., Ltd. Jun 2024 Senior Managing Director of the Company (current)
1980-09-21
Norihiro SHINAGAWA
Managing Director
Apr 2009 Deputy General Manager, General Affairs Department, the Company Oct 2010 General Manager, Human Resources and General Affairs Department, the Company; Representative Director, Recip Sangyo Co., Ltd. Apr 2013 General Manager, Management Division and General Manager, Human Resources and General Affairs Department, the Company Jun 2013 Executive Officer (in charge of Management), the Company Apr 2016 General Manager, Management Division and General Manager, General Affairs Department, the Company Jun 2019 Director of the Company Apr 2020 General Manager, Management Division, the Company (current) Jun 2024 Managing Director of the Company (current)
1959-04-27
Koji IWASA
Director
Apr 2013 General Manager, Equipment Design Department, Production Division, Recip Co., Ltd. Dec 2015 Executive Officer (in charge of Production), the Company; General Manager, Production Division and General Manager, Development Department and General Manager, Solutions Department, Recip Co., Ltd. Nov 2018 Department Head (Production Division), Recip Co., Ltd. and General Manager, Engineering Department, Recip SLP Co., Ltd. Apr 2019 Deputy General Manager, Production Division (in charge of Development), Recip Co., Ltd. and General Manager, Engineering Department, Recip SLP Co., Ltd. Apr 2020 Deputy General Manager, Production Division and General Manager, Integrated Department, Recip Co., Ltd. Apr 2021 General Manager, Production Division and General Manager, Global Solutions Department, Recip Co., Ltd. Jun 2021 Director of the Company (current); Director, Recip Co., Ltd. (current) Apr 2022 General Manager, Production Division, General Manager, Integrated Department and General Manager, Global Solutions Department, Recip Co., Ltd.; Deputy General Manager, Community Business Development Division Apr 2023 Executive Officer (in charge of Development), the Company; General Manager, Development Division, Recip Co., Ltd. (current) Apr 2023 General Manager, EMS Integrated Department, Recip Co., Ltd.; Deputy Head, Business Development Center Jul 2023 General Manager, Equipment Design Department, Development Division, Recip Co., Ltd.
1966-01-24
Motoaki KITANO
Director
Apr 2011 General Manager, New Business Development Department, Sales Division, Recip Co., Ltd. Apr 2013 General Manager, Sales Planning Department, Sales Division, Recip Co., Ltd. Jun 2014 Director, Gifu DS Kanri Co., Ltd. (now Recip Digital Signage Co., Ltd.) (current) Apr 2017 General Manager, Bus Sales Department, Sales Division, Recip Co., Ltd. Jul 2018 Deputy General Manager, Sales Division and General Manager, Sales Promotion Department, Recip Co., Ltd. Jun 2019 Executive Officer (in charge of Sales), the Company (current) Dec 2019 General Manager, Sales Division and General Manager, Sales Promotion Department, Recip Co., Ltd. Apr 2020 General Manager, Sales Division, Recip Co., Ltd. Jun 2021 Director of the Company (current); Director, Recip Co., Ltd. Jun 2022 Director, Recip Engineering Co., Ltd. (current) Apr 2023 Deputy Head, Business Development Center, Recip Co., Ltd. Apr 2025 Representative Director, President, Recip Co., Ltd. (current)
1965-11-04
Kiyohiro YOTSUI
Director (Audit and Supervisory Committee Member)
Apr 1985 Joined Nagoya Regional Taxation Bureau Jul 2011 Deputy Director, Ise Tax Office Jul 2012 Deputy Director, Nagoya Naka Tax Office Jul 2016 Director, Iyo-Saijo Tax Office, Takamatsu Regional Taxation Bureau Jul 2017 Head of Planning Section, General Affairs Department, Nagoya Regional Taxation Bureau Jul 2018 Director, Nakagawa Tax Office Jul 2020 Deputy Director-General, General Affairs Department, Nagoya Regional Taxation Bureau Jul 2021 Director-General, Audit Department, Nagoya Regional Taxation Bureau Aug 2022 Registered as certified tax accountant; Head, Kiyohiro Yotsui Tax Accountant Office (current) Jun 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1961-09-27
Miwa YAMAGUCHI
Director (Audit and Supervisory Committee Member)
Apr 1993 Joined Nagase & Co., Ltd. Sep 2001 Joined Decop Co., Ltd. Jun 2002 Joined IT Agent Co., Ltd. Oct 2004 Joined ASKUL Corporation Jul 2012 General Manager, e-Procurement Solutions Division, B2B Company, ASKUL Corporation Sep 2012 Executive Officer and General Manager, e-Procurement Solutions Division, B2B Company, ASKUL Corporation Jul 2017 Representative Director, President, SOLOEL Corporation Mar 2020 Executive Officer, ASKUL Corporation; General Manager, Technology Division, General Manager, e-Procurement Solutions Division and General Manager, SOLOEL Business Division Dec 2020 Executive Officer, ASKUL Corporation; General Manager, e-Procurement Solutions Division and General Manager, SOLOEL Business Division May 2021 Executive Officer, ASKUL Corporation; General Manager, e-Procurement Solutions Division, ASKUL Business Division and Division Head, SOLOEL Business Division May 2022 General Manager, Brand Management Division, Merchandising Division, ASKUL Corporation Jun 2023 Director (Audit and Supervisory Committee Member) of the Company (current) May 2024 General Manager, Quality and Environmental Management Division, Merchandising Division, ASKUL Corporation May 2025 Security Management, Legal & Security Division, ASKUL Corporation Jun 2025 Representative Director, AmireLink Co., Ltd. (current) Mar 2026 General Manager, Agent Sales Department, Sales Division, ASKUL Corporation (current)
1970-05-27
Mamiko YATABE
Director (Audit and Supervisory Committee Member)
Oct 2005 Registered as attorney-at-law; joined Furuta & Associates Law Office (now Clare Law Office) Nov 2008 Joined Valqua, Ltd., Legal Department Apr 2015 Executive Officer and General Manager, Legal Department, Valqua, Ltd. Apr 2017 Executive Officer, General Manager, Legal Department and in charge of Intellectual Property Department, Valqua, Ltd. Apr 2021 Managing Executive Officer and Chief Compliance Officer, in charge of Legal Department, Environmental Management Department and Internal Audit Office, Valqua, Ltd. Apr 2026 Head, BIZLEX Law Office (current) Jun 2026 Director (Audit and Supervisory Committee Member) of the Company (scheduled to assume office)
1977-08-16
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-07-24
Securities Registration Statement
EDINETAmended
2024-07-18
Amended Securities Registration Statement
EDINETAmended
2024-07-18
Amended Securities Registration Statement
EDINET
2024-07-09
Securities Registration Statement
EDINET
2024-07-09
Securities Registration Statement
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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